Palantir Technologies has announced a remarkable 85% increase in Q1 2026 revenue, reaching $1.63 billion, largely driven by a 104% surge in U.S. revenues. Despite this impressive performance, the company's stock tumbled nearly 3% in premarket trading as valuation concerns loom, highlighted by Michael Burry's decision to short its shares, suggesting the stock’s price is not aligned with fundamentals. Looking ahead, Palantir maintains an optimistic forecast, raising its full-year revenue guidance to between $7.65 billion and $7.66 billion.
“Palantir (PLTR) · reported · Q1 2026 revenue growth · 85% YoY to $1.63B”
“Palantir · achieved · Rule of 40 score · 145%”
“Palantir · is · a buy · with 90% confidence”
“Palantir · is up · over the past year · 17.5%”
“Palantir · is down · year-to-date · 17.85%”
“Palantir shares · trade · below 52-week high · 12%”
“Palantir's 52-week low · is · $105.32”
“Palantir trades · at a P/E · 206”
“Palantir · has a beta of · 1.67”
“24/7 Wall St. price target model · projects Palantir could trade · in 2026 · $161”
“Palantir could trade · in 2030 · $209”
“Palantir Technologies · rose · in afterhours trading · after revenues strongly beat expectations”
